GERMAN FOOD CHAIN ALDI SETS SIGHTS ON AUSTRALIA

SYDNEY, Australia -- The $25 billion Australian supermarket industry is preparing for the arrival here of the German Aldi chain, which offers a limited selection of brand items at very low prices.The majors, Woolworths, Coles and Franklins, with the independent Davids in tow, are determined to resist this new challenge to their dominance of Australia's food market, and are gearing up for what may

SYDNEY, Australia -- The $25 billion Australian supermarket industry is preparing for the arrival here of the German Aldi chain, which offers a limited selection of brand items at very low prices.

The majors, Woolworths, Coles and Franklins, with the independent Davids in tow, are determined to resist this new challenge to their dominance of Australia's food market, and are gearing up for what may turn out to be a major round of price wars, according to industry observers.